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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (52733)	9/21/2001 2:31:39 AM
From: Jacob Snyder	Respond to of 70976

Greenspan testimony: federalreserve.gov The shock of September 11, by markedly raising the degree of uncertainty about the future, has the potential to result, for a time, in a pronounced disengagement from future commitments. .....stability was only barely becoming evident in the United States in the period immediately preceding the acts of terrorism........the dramatic rate of decline in profits was slowing. To be sure, these signs were tentative but, on the whole, encouraging. The unprecedented shutdown of American air travel and tightened border restrictions have induced dramatic curtailments of production at some establishments with tight just-in-time supply chain practices. For the longer term, prospects for continued rapid technological advance and associated faster productivity growth are scarcely diminished